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Market Update

European Markets Edge Up

European markets were slightly up changed Thursday.

The FTSE edged up 0.1%. The CAC 40 Paris was up 0.3% while the DAX edged up 0.1%.

Data earlier showed industrial production in the euro-zone rose more than expected in April over March by a seasonally adjusted 0.8%, above forecasts for a 0.4% increase.

The markets open half an hour late in Paris, Amsterdam, Brussels, and Lisbon due to a technical glitch at market operator Euronext.

Stocks on the Move

Aussie miners BHP Billiton and Rio Tinto fell 1.6% and 2.8% each respectively after a decline in London copper prices. Anglo American also gave up 3.1%.

Over in Paris, BNP Paribas was in focus after the company said its CEO will step down at the end of the month. BNP shares gained a percent.

Alstom SA was up 0.9% after Hitachi said it would join Mitsubishi Heavy and Siemen’s to bid against GE for the French company’s power assets.

Bouygues SA added 4.6% while Iliad SA added almost 7%, lifted by hopes of more consolidation in the sector.

Airline operator Fraport gained half a percent after it said passenger numbers in May increased at its main Frankfurt hub.